Royal London Asset Management Ltd. Acquires 9,722 Shares of D.R. Horton, Inc. (NYSE:DHI)

Royal London Asset Management Ltd. boosted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,120 shares of the construction company's stock after acquiring an additional 9,722 shares during the period. Royal London Asset Management Ltd.'s holdings in D.R. Horton were worth $19,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DHI. Principal Financial Group Inc. increased its position in shares of D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock worth $339,174,000 after buying an additional 120,892 shares during the period. Pathstone Holdings LLC grew its holdings in D.R. Horton by 3.4% during the 3rd quarter. Pathstone Holdings LLC now owns 42,770 shares of the construction company's stock worth $8,159,000 after acquiring an additional 1,426 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of D.R. Horton in the 3rd quarter worth about $1,746,000. Advisors Asset Management Inc. lifted its stake in shares of D.R. Horton by 17.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 27,416 shares of the construction company's stock valued at $5,230,000 after purchasing an additional 3,990 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in shares of D.R. Horton by 1.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 8,006 shares of the construction company's stock valued at $1,527,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

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D.R. Horton Stock Up 1.2 %

NYSE DHI traded up $1.62 on Tuesday, reaching $131.97. The company had a trading volume of 1,081,913 shares, compared to its average volume of 2,691,779. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company's fifty day moving average is $134.26 and its 200 day moving average is $156.43. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The stock has a market capitalization of $41.59 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. D.R. Horton's payout ratio is presently 11.31%.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent analyst reports. Bank of America lowered D.R. Horton from a "buy" rating to a "neutral" rating and dropped their price target for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Royal Bank of Canada restated an "underperform" rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Barclays dropped their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Finally, Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $170.93.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.